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Fly News Breaks for June 26, 2015
SSH
Jun 26, 2015 | 11:06 EDT
Piper Jaffray calls the loss of Kimberly Oleson, Sunshine Heart's SVP of Clinical Affairs, a surprise for investors. Given the language in the regulatory filing, Piper thinks both parties are restricted from discussing the separation, which it feels adds another risk to the story. It points out Olson's April 2014 hiring following her 20-plus years at Medtronic was viewed as a positive indicator of Sunshine's longer term opportunity. Piper reiterates an Overweight rating on the stock.
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